Forex analytics and overview
EUR/JPY: Bearish Momentum Intact With Eyes on 160.31
2024.08.27 10:21
Note: today!
Bearish: Currently, is at 161.07 after the slope support breakout.
The pair is in a channel and a continuation to the ATR target of 160.31 is likely.
Watch the for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 186 pips per day, and its 90-day average is 160 pips per day.
My forex analysis says USDX is currently headed lower.